FxWirePro: USD/CAD finds support at 1.3232, buy deals are recommended above 1.3235

USD/CAD has slipped back towards 1.3245 levels after failing to hold above 1.3266 levels, after quick surge in mid European session. The pair may extend its weakness up to 1.3234 and consolidate well above this this area, as this area has been a strong recovery zone for the pair. Therefore, it's good to buy at dips around 1.3230 levels.

>The currency pair is trading at 1.3250 levels, it is expected to reach 1.3280 levels and 1.3350 levels in the short term. 

>The immediate support can be seen at 1.3234, break below this level will expose the pair to next support level at 1.3209 (Sep 9th lows).

>Major resistance can be seen at 1.3274, break above this level will expose it towards 1.3310 levels.

Recommendation: Go long above 1.3230 with targets at 1.3280, 1.3350 SL 1.3100.

Resistance Levels

R1: 1.3268 (Sep 14th high)

R2: 1.3274 (23.6% Retracement level)

R3: 1.3310 (Sep 11th high)

Support Levels

S1: 1.3234 (38.2% Retracement level)

S2: 1.3209 (Sep 9th lows)

S3: 1.3186 (50% Retracement level)